Metallus Inc (MTUS)

Current ratio

Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Total current assets US$ in thousands 647,700 656,800 630,500 626,700 614,700 556,600 582,500 669,600 615,200 582,300 529,400 456,300 430,400 357,600 343,800 355,100 412,100 401,700 418,000 482,300
Total current liabilities US$ in thousands 239,100 248,400 207,000 219,800 231,000 186,700 191,900 260,000 246,200 250,800 242,500 235,700 227,100 181,000 202,900 169,900 143,400 112,300 122,500 155,000
Current ratio 2.71 2.64 3.05 2.85 2.66 2.98 3.04 2.58 2.50 2.32 2.18 1.94 1.90 1.98 1.69 2.09 2.87 3.58 3.41 3.11

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $647,700K ÷ $239,100K
= 2.71

The current ratio of Metallus Inc has exhibited fluctuations over the past few years. As of March 31, 2024, the current ratio stands at 2.71, indicating that the company has $2.71 in current assets for every $1 in current liabilities.

Analyzing historical trends, the current ratio has generally shown an upward trajectory since the end of 2021, with occasional fluctuations. The ratio peaked at 3.58 at the end of 2019, reflecting strong liquidity, but experienced a decline in subsequent periods.

The current ratio provides insight into the company's short-term liquidity and ability to meet its current obligations. A ratio above 1 indicates that Metallus Inc has more than enough current assets to cover its current liabilities.

Overall, the current ratio of Metallus Inc has generally been healthy and stable in recent periods, indicating a sound liquidity position that can support day-to-day operations and meet short-term financial obligations. However, it is essential to monitor future trends to ensure sustained financial stability.


Peer comparison

Mar 31, 2024